News - ST Engineering’s Marine Arm Completes Liquidation of China Subsidiary in Wuhan

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ST Engineering’s Marine Arm Completes Liquidation of China Subsidiary in Wuhan

Singapore, 21 December 2017 – Singapore Technologies Engineering Ltd (ST Engineering) today updated that further to its announcement on 24 February 2016, the member’s voluntary liquidation of ST Marine (Wuhan) Engineering Design Consultancy Co. Ltd. (ST Marine (Wuhan)), a subsidiary of its marine arm, Singapore Technologies Marine Ltd, has been completed.

The liquidation of ST Marine (Wuhan) is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.

ST Marine (Singapore Technologies Marine Ltd), the marine arm of ST Engineering, provides turnkey and sustainable solutions in the marine, offshore and environmental engineering industries. In shipbuilding, it has the proven capabilities in concept definition to detailed design, construction, on-board system installation and integration, commissioning to through-life support. It has also established a track record in providing high engineering content repair and conversion services for a worldwide clientele. ST Marine also provides sustainable environmental engineering solutions to meet the increasing global demand for innovative green solutions in water, wastewater, solid waste and renewable energy. Please visit www.stengg.com for more information.

ST Engineering (Singapore Technologies Engineering Ltd) is an integrated defence and engineering group specialising in the aerospace, electronics, land systems and marine sectors. It has global presence with offices in Asia, the Americas, Europe and the Middle East and employs about 22,000 employees. Across the globe, its employees bring innovation and technology together to create smart engineering solutions for its customers in the defence, government and commercial segments. Headquartered in Singapore, ST Engineering reported revenue of S$6.68b in FY2016 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, MSCI Singapore and the SGX Sustainability Leaders Index. Please visit www.stengg.com for more information.

Media contact:           

Lina Poa
Head, Corporate Communications & Investor Relations
ST Engineering
Tel:      (65) 6722 1883        
Email: linapoa@stengg.com

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